Post by
TheCount11 on Oct 24, 2024 8:37am
Be careful
If you plan on buying more Dundee stock in Dec for the mining just realize that other investors will be buying because of TauRx. This means that the demand for shares will increase which will also attract momentum algos further increasing demand so you might pay more. GLTA!
Comment by
CBalardo on Oct 24, 2024 9:27am
They might do a couple sqeeze downs as well! But if. Their that confident Gentings a buy too.
Comment by
Catscratch on Oct 24, 2024 9:47am
Agree. Speculation and volume related to TauRx should to increase leading up to year end. I don't really think much about technical analysis but breaking through $1.90 with volume is a good sign as the stock has topped at the mid $1.80s a few times in the past 6 years...Dundee could trade up to $2.50 in short order.
Comment by
pierrelebel on Oct 24, 2024 11:26am
"the run up in stock price from Oct 7th at $1.50 has caught me by surprise. " The shares have been going up following the announcement that Jorey Charnett purchased the block of 12,493,791 Class A subordinate voting shares previously held by Herr Investment. He also has been buying shares on the market since then. LINK to announcement
Comment by
TheCount11 on Oct 24, 2024 7:58pm
What is your opinion on him taking control of the shares? I thought it was due to the 8000 Tau share sale at $125.
Comment by
pierrelebel on Oct 24, 2024 10:08pm
"taking control of the shares?" Not quite. It is only a large position of "A" shares, not control.
Comment by
TheCount11 on Oct 25, 2024 9:08am
The shares were previously controlled by Herr Investment Group as investment adviser to Pointillist Partners an investment fund of which Mr. Chernett was co-portfolio manager and the largest owner. Pointillist was the beneficial owner. Mr. Chernett took legal and voting control. The question is why did he take voting control?